23 July 2004

CEO shortage strikes nation

Kevin Drum expresses puzzlement over why real wages for the working class have dipped this year in spite of strong productivity growth.
The labor market is a slave to supply and demand just like any other market, right?

Odd, then, that CEO pay rose 27% in 2003, isn't it? Did the supply of CEOs shrink last year? Did demand skyrocket?

Via Conner.

No comments: